The HomeRate Mortgage Guarantee

Quick Quotes. Low Rates. Fast Closing Times.

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This is Ben Phillips and Eric Bradshaw with HomeRate Mortgage in Chattanooga TN. New Name, New Number, same Great Service! Call us today to find out, “How much you can SAVE!” or fill out our easy “3-Step Quote” above.

Our team of mortgage experts has been saving people money for years. The question is, “How much will we Save You?” We have saved clients hundreds even thousands of dollars off their monthly payments and hundreds of thousands of dollars over the life of their mortgage with our EZ Home Refinance program.

Mortgage Rates are at 50 year historical lows, but they won’t stay this low forever! Don’t procrastinate, call one of our Mortgage Specialists for a “Free – No Cost or Obligation Quote today!”

Low Mortgage Rates also means Increased Purchasing Power! You can buy more house for your money than ever before! Chattanooga has many apartments that charge $1000+ a month to rent. Why throw away that kind of money on Rent when you can Own? Check out our mortgage calculators and see for yourself.

For Example: A $250,000 new home loan at 4.25% for 30 yrs only has a principle and interest payment of $1,229.85! However, if rates returned back to 6% the same 250,000 new home loan for 30 yrs would have a principle and interest payment of $1,498.88.

HomeRate Mortgage $1000 Guarantee!!!!

We don’t charge any lender fees, because you shouldn’t have to pay to get a mortgage.

Why Choose HomeRate Mortgage? Simple!

Many of our clients save up to $350 per month!

*Varies by client

Fast Closings possible within 30 days for most clients!

*Varies by client

Quick Mortgage Quotes.

Ensure that your family has the best home loan today! It only takes 10 minutes with a HomeRate Mortgage Rep to get your Free Quote. Our 20+ years of local experience and knowledge means you can trust HomeRate Mortgage because our team has proven they can get your new home loan Approved!

Call Us, Today!

Your Mortgage Broker Should Share Your Interests

Buying a house is a big step and can be overwhelming. The last thing you need to add to your plate is worrying if you’re getting the best deal with your mortgage broker. Here at HomeRate Mortgage, we believe the best business practice is also the one that benefits our customers the most. When you’re happy, we’re happy.

Home Loans Continuously Change Their Conditions

If you’re new to mortgages or have had one before, it is important to know that policies, requirements, and conditions are always changing. We work with you, and your individual situation, to see what the best option is and what you qualify for.
Our team of experts is always up to date, and current on any changes made in the loan process and will quickly be able to work with you towards getting your loan approved.

Mortgages Simplified And Hassle Free

Some paperwork is necessary, but we don’t believe in just getting your signature and being done. It is our pride and pleasure to make sure you understand the terms and conditions of your new home loan or refinance so nothing it left unclear. We understand how valuable peace of mind is and strive to be available for any questions or concerns throughout the whole mortgage process.

Mortgage Companies Provide Unique Solutions

If you’ve found your dream home, we want to get you into it as soon as possible. Our team of experts works around the clock to get your information, quotes, and loan approved in a streamlined way. Fast closing times is one our top priorities, and we have years of experience perfecting the approval process, so you don’t have to wait.

Mortgage Lenders Are Here To Help

Mortgages can be confusing, but it doesn’t mean you have to feel lost. A good lender will always have your best interest in mind and go over options available to you, weighing the pros and cons of each. We believe the best things happen when people work together, which is exactly what we want to do.
With a variety of channels to call, message, or contact us, you will never be far from an expert who is happy to assist in any way possible.

Mortgage Lender Expertise At Your Finger Tips

You’ve done enough work saving, budgeting, and finding your dream home. Leave the rest to us.
It is our business to know what paperwork is needed, and where to process them, to get you the loan you need. With over 20+ years of local experience, we’ve mastered the process and know how to get things done efficiently. With your basic information and a few other details to fill in the blanks, we can review your options together and help secure the best home loan for you in no time.

Let’s Make First Time Home Buyer Loans A Not So Hidden Secret

Did you know there are numerous first time homebuyer programs you can take advantage of? We’ll help you sort through them all and see which one can save you the most money.

The HRM Loan Process

Can Vary Depending on Client-Specific Variables

Get Started

In less than 10 minutes you can submit your information to get started on your quote.

Get a Quote

We receive your application and provide your quote usually in 1 business day.

Sign Documents

Accept your quote and sign the necessary documents to begin the closing process.

Underwriting

Your signed documents are sent to underwriting for processing.

Final Approval

Once your application is processed and approved, your closing date is scheduled.

HomeRate Team Mortgage Service Area Map

Things To Consider When Finding A Home Loan

It’s actually a good move to obtain a conventional home loan in Ellendale, TN, when you’re purchasing a house, but there are some essential things to know about this. House loans can actually be unique in some aspect with respect to the lender.

You cannot simply go for a home loan without understanding its terms and conditions and the other factors which could affect your repayments. We are speaking about a huge investment here so you cannot simply select a loan without knowing everything that you need to understand.

It is a great thing that you might easily find ways to find a loan which could fit your personal preferences and your current financial predicament. We are going to provide you with the best suggestions to find the best home loan.

The first thing that you need to do is to compare and contrast mortgage loans by asking for a loan estimate from the loan providers. Generally, you’ll have to ask for a loan estimate from many loan companies since this will provide you the information that you need to know about their features and fees.

A loan estimate will explain the amount that you have to pay back over the life of the loan as well as the payment amounts, fees and other charges. It will also provide you with a personalized comparison rate to help you look into the total cost of the loans.

If a loan company will not give you a loan estimate, you can remove them from your list. This is very important if you want to be sure to find the best house loan with the proper features and low interest rates.

When you’re looking for a VA loan or an FHA loan, many of you are looking at the interest rate. It’s a wise decision to check out the interest rate, but you need to also look at the fees associated with the home loan.

There are instances when the lowest rates come with hefty fees so you must check this prior to applying for a certain loan. You need to calculate the sum of money that you’ll pay monthly over the period of the loan. A loan estimate can provide this info.

The interest rate might change because of many aspects. You may review the rates and you can try to ask an expert if you are having a difficult time knowing the fees and charges in the loan.

You will have to think of your repayment options when you’re applying for a home loan. Most of these loans will enable you to pay it back for 15 to 30 years depending on your own preference. You might choose the 15-year option where you may finish the loan faster and the overall cost will be lower, but the monthly payments will be higher. You can also go for the 30-year option since the monthly payments are lower. However, the cost of the loan will actually be higher. You must make sure that the loan providers can provide you a flexible repayment option.

These are the tips that you can follow if you want to locate the best home loan in Ellendale, TN. Apart from these, there’s also other things that you should consider like the reverse mortgage or you can opt to refinance a mortgage. You can speak directly with the lenders if you wish to find out if you are permitted to do this.

ABOUT HRM

HomeRate Mortgage saves local home owners money. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come.